Family farm lost after Dad breaks a 30-year promise

A son works on a farm for three decades. His father makes him a promise. You get the farm. But the father’s Will gives the land to his other children. The son sues the estate. The court upholds the Will. The son loses the farm he worked his whole life to build....

Stop Backdating Trust Minutes: It Is a Crime

You must decide how to distribute your Family Trust’s income before 30 June each year. Documenting this decision after the fact is not just poor practice. It is a crime. The Australian Taxation Office (ATO) now actively looks for backdated documents. It has the...

How to operate a Testamentary Trust Will

A Legal Consolidated 3-Generation Testamentary Trust Will is full of choices. The Will maker does not know what the beneficiaries, assets, tax laws or family circumstances are on the day they die. A spouse who is financially secure today may face different risks...